Define Service Level

question 79

Short Answer

Define service level.

---

Definitions:

Optimal R&D Expenditure

The ideal amount of money a firm or economy should spend on research and development activities to achieve the best economic outcome.

Upsloping Line

In a graph, a line that rises from left to right, illustrating a positive relationship between two variables.

Interest-Rate Cost-Of-Funds Curve

As it relates to research and development (R&D), a curve showing the interest rate a firm must pay to obtain any particular amount of funds to finance R&D.

Expected-Rate-Of-Return Curve

As it relates to research and development (R&D), a curve showing the anticipated gain in profit, as a percentage of R&D expenditure, from an additional dollar spent on R&D.